Can I retire at age 51 with 18,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,441,701
2 years$764,470$750,232$736,434$723,055$710,078$660,724
3 years$504,584$490,285$476,521$463,268$450,503$402,808
4 years$374,667$360,411$346,785$333,759$321,302$275,632
5 years$296,736$282,567$269,120$256,359$244,249$200,725
6 years$244,800$230,737$217,489$205,012$193,266$151,923
7 years$207,717$193,773$180,734$168,552$157,177$118,010
8 years$179,918$166,099$153,277$141,394$130,393$93,373
9 years$158,307$144,619$132,017$120,436$109,810$74,892
10 years$141,029$127,475$115,096$103,817$93,564$60,693
11 years$126,902$113,483$101,328$90,352$80,468$49,582
12 years$115,137$101,856$89,926$79,251$69,732$40,761
13 years$105,190$92,048$80,343$69,967$60,807$33,680
14 years$96,672$83,669$72,189$62,109$53,303$27,941
15 years$89,296$76,434$65,177$55,390$46,933$23,258
16 years$82,848$70,126$59,092$49,596$41,479$19,412
17 years$77,165$64,584$53,772$44,561$36,778$16,238
18 years$72,119$59,678$49,087$40,159$32,702$13,608
19 years$67,609$55,309$44,936$36,287$29,148$11,421
20 years$63,555$51,396$41,240$32,865$26,035$9,598
21 years$59,893$47,873$37,933$29,827$23,299$8,075
22 years$56,567$44,688$34,961$27,119$20,884$6,799
23 years$53,535$41,796$32,281$24,698$18,747$5,730
24 years$50,760$39,160$29,854$22,526$16,850$4,831
25 years$48,211$36,750$27,651$20,572$15,162$4,076
26 years$45,862$34,539$25,645$18,810$13,658$3,440
27 years$43,691$32,505$23,813$17,217$12,314$2,904
28 years$41,678$30,629$22,138$15,775$11,111$2,453
29 years$39,808$28,895$20,601$14,466$10,033$2,072
30 years$38,065$27,288$19,189$13,276$9,065$1,751
31 years$36,438$25,797$17,889$12,193$8,196$1,480
32 years$34,916$24,409$16,691$11,206$7,414$1,251
33 years$33,489$23,116$15,585$10,305$6,709$1,058
34 years$32,149$21,908$14,561$9,481$6,075$894
35 years$30,888$20,780$13,614$8,728$5,502$756
36 years$29,700$19,723$12,735$8,038$4,985$639
37 years$28,579$18,732$11,920$7,406$4,518$541
38 years$27,519$17,802$11,163$6,826$4,096$457
39 years$26,516$16,928$10,458$6,294$3,714$387
40 years$25,566$16,106$9,802$5,806$3,369$327
41 years$24,664$15,331$9,192$5,356$3,057$277
42 years$23,808$14,601$8,622$4,943$2,774$234
43 years$22,993$13,912$8,091$4,563$2,517$198
44 years$22,218$13,261$7,594$4,213$2,285$168
45 years$21,480$12,645$7,131$3,891$2,074$142
46 years$20,775$12,063$6,698$3,594$1,883$120
47 years$20,103$11,512$6,292$3,321$1,710$101
48 years$19,460$10,990$5,913$3,068$1,553$86
49 years$18,846$10,495$5,558$2,836$1,410$73
50 years$18,258$10,025$5,225$2,621$1,281$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $18,700,000, adding $6,968 every year, while hoping to spend $56,833 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/16/23 Blend
50$18,700,000$18,700,000$18,700,000$18,700,000
51$20,614,587$19,623,487$19,333,637$21,746,288
52$22,656,806$20,524,569$19,920,844$23,415,188
53$24,905,425$21,467,898$20,525,818$25,229,037
54$27,381,439$22,455,485$21,149,094$27,207,528
55$30,107,980$23,489,438$21,791,222$29,366,697
56$33,110,537$24,571,964$22,452,771$31,724,183
57$36,417,198$25,705,377$23,134,326$34,299,396
58$40,058,915$26,892,103$23,836,488$37,113,691
59$44,069,793$28,134,684$24,559,879$40,190,570
60$48,487,413$29,435,785$25,305,137$43,555,895
61$53,353,190$30,798,199$26,072,919$47,238,131
62$58,712,757$32,224,853$26,863,904$51,268,606
63$64,616,403$33,718,816$27,678,790$55,681,806
64$71,119,542$35,283,303$28,518,295$60,515,692
65$78,283,238$36,921,687$29,383,160$65,812,055
66$86,174,779$38,637,501$30,274,147$71,616,903
67$94,868,317$40,434,449$31,192,042$77,980,890
68$104,445,563$42,316,415$32,137,653$84,959,788
69$114,996,560$44,287,468$33,111,813$92,615,007
70$126,620,531$46,351,876$34,115,381$101,014,167
71$139,426,818$48,514,111$35,149,239$110,231,731
72$153,535,913$50,778,862$36,214,298$120,349,699
73$169,080,593$53,151,043$37,311,494$131,458,376
74$186,207,178$55,635,809$38,441,793$143,657,213
75$205,076,905$58,238,559$39,606,188$157,055,742
76$225,867,458$60,964,956$40,805,704$171,774,599
77$248,774,637$63,820,937$42,041,393$187,946,652
78$274,014,212$66,812,726$43,314,343$205,718,250
79$301,823,958$69,946,845$44,625,669$225,250,588
80$332,465,897$73,230,136$45,976,525$246,721,227
81$366,228,775$76,669,769$47,368,094$270,325,753
82$403,430,784$80,273,262$48,801,599$296,279,613
83$444,422,568$84,048,496$50,278,297$324,820,140
84$489,590,532$88,003,734$51,799,482$356,208,777
85$539,360,490$92,147,641$53,366,488$390,733,536
86$594,201,682$96,489,298$54,980,688$428,711,701
87$654,631,209$101,038,228$56,643,497$470,492,813
88$721,218,907$105,804,417$58,356,369$516,461,950
89$794,592,733$110,798,331$60,120,805$567,043,349
90$875,444,689$116,030,946$61,938,348$622,704,399
91$964,537,354$121,513,769$63,810,590$683,960,030
92$1,062,711,086$127,258,865$65,739,167$751,377,562
93$1,170,891,953$133,278,886$67,725,765$825,582,041
94$1,290,100,475$139,587,094$69,772,120$907,262,120
95$1,421,461,258$146,197,397$71,880,022$997,176,543
96$1,566,213,614$153,124,376$74,051,309$1,096,161,284
97$1,725,723,254$160,383,322$76,287,880$1,205,137,419
98$1,901,495,186$167,990,265$78,591,684$1,325,119,801
99$2,095,187,923$175,962,016$80,964,733$1,457,226,613
100$2,308,629,136$184,316,199$83,409,097$1,602,689,905